Finances

New technologies revamp payment and credit systems

Finances Katharina Pistor - December 3, 2025.

Money is an enigma. But if there is one thing we know for sure, it is that money begets money. The best way to make more...

Behind the façade of unity the Basel Consensus is cracking

Finances Howard Davies - November 30, 2025.

Ask a room of central bankers how many want a less stable financial system, and you will see few (if any) hands go up. Ask how...

The line between stablecoins and deposits will blur

Finances Lucrezia Reichlin - November 23, 2025.

The eurodollar market – comprising dollar-denominated deposits held outside the United States – emerged in the late 1950s to meet global demand for dollar liquidity,...

FATF – When financial isolation becomes an instrument of power

Finances The Editorial Board - October 26, 2025.

At its last session in Paris on 24 October, the Financial Action Task Force (FATF) confirmed three countries on its list of "High-Risk Jurisdictions subject...

Will the AI Bubble Trigger a Financial Crisis?

Finances Hilary J. Allen - October 19, 2025.

OpenAI Co-Founder Sam Altman, Meta CEO Mark Zuckerberg, and Federal Reserve Chair Jerome Powell have joined the chorus of people talking about an AI bubble...

Will Stablecoins Preserve Dollar Dominance?

Finances Barry Eichengreen - October 14, 2025.

The US dollar is under scrutiny from investors around the world. Banks, firms, and governments that rely on it as an international means of payment...

What lies behind the incremental rise in renminbi borrowing?

Finances Paola Subacchi - September 21, 2025.

When governments borrow on international markets, they do so overwhelmingly in US dollars. Roughly two-thirds of international debt issuance is denominated in foreign currencies, of which...

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